Is an economist’s tweet about the housing market/time to buy a house? – Tejarat News

Housing prices have decreased since the beginning of this year; However, the number of transactions has reached its lowest level in recent years. Economist Ali Saadoundi believes that this period can be an opportunity to buy sweets for housing applicants.

According to Tejarat News, on the eve of one year of the government’s statistical censorship in the field of housing, field surveys show that since the beginning of this year, housing prices have been decreasing in some areas. Of course, this price reduction occurred due to the stagnation of transactions, which was the result of the lack of investment prospects and the decrease in the purchasing power of consumer applicants.

But can this period of falling housing prices be a good opportunity to buy? Economist Ali Saadoundi believes that the current period is a sweet period for buying housing.

Saadoundi wrote in a twitter message, which he emphasized at the beginning of the message: “Deliver this message to those you love”, “At the end of the longest period of boom in the real estate market, housing prices are a bubble; So, if the period of stagnation begins (read it has been done), it will continue for a long time. Sweet shopping opportunities are available with Jameel’s patience, unless the treason of printing money is repeated again.

In this message, he has warned against the implementation of money printing policy by the government; Unsupported money that will turn on the inflation engine in all markets, including the housing market, and make the dream of owning a house more and more out of reach every day.

Read more reports on the housing page.